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Fairness is a strong concern as shown by the robust results of dictator giving and ultimatum experiments. Efficiency, measured by the sum of individual payoffs, is another potential concern in games such as the prisoners’ dilemma and public good provision games. In our experiment participants...
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Using data on the valuation of Christmas gifts received by students in different fields at a German university, we … significant lower WTP and WTA, indicating that existing studies on the efficiency loss of holiday gifts and experimental studies …
Persistent link: https://www.econbiz.de/10003785037
Using data on the valuation of Christmas gifts received by students in different fields at a German university, we … significant lower WTP and WTA, indicating that existing studies on the efficiency loss of holiday gifts and experimental studies …
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